NXP Semiconductor Bets $12 Billion on Smarter Cars

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Don Clark The race to build smarter cars is prompting another race--to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to buy Texas-based Freescale Semiconductor Inc. in a cash-and-stock ...

Dollar Falls Against Yen as Nikkei Disappoints

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Hiroyuki Kachi The dollar lost 0.4% against the yen Tuesday, as a lackluster Tokyo stock market and jaw boning by a Japanese government adviser took the legs from the greenback's overnight rally, pushing it below the Y120 mark. Around ...

IRS Confirms Illegal Immigrant Tax-Refund Ruling, Sparking GOP Outcry

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By John D. McKinnon WASHINGTON--The Internal Revenue Service on Monday confirmed it would allow illegal immigrants benefiting from President Barack Obama's recent executive action to file for tax refunds for prior years, fueling an outcry from Republicans. The IRS explanation ...

AstraZeneca Completes Acquisition of Rights to Actavis' Portfolio

TODAY: March 3, 2015 PUB DATE: March 3, 2015

LONDON--Pharmaceutical giant AstraZeneca PLC (AZN.LN) said Tuesday it has completed the acquisition of the rights to Actavis' branded respiratory business in the U.S. and Canada. As announced on Feb. 5, the transaction strengthens AstraZeneca's respiratory franchise globally and builds on ...

Caixabank Plans to Quadruple Profitability Measure by 2018

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Jeannette Neumann BARCELONA-- Caixabank SA on Tuesday said it plans to quadruple a key measure of profitability during the next four years by clamping down on costs and boosting revenue amid Spain's modest economic recovery. Spain's No. 3 bank ...

Australia's Abbott Drops Health-Care Fee Plan

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Rob Taylor CANBERRA, Australia--Australian Prime Minister Tony Abbott on Tuesday dropped plans to introduce an unpopular patient co-payment fee to offset rising costs in the nation's health-care system. Mr. Abbott unveiled the proposal for a co-pay fee in the ...

Athabasca Oil Receives Payment From PetroChina Canadian Unit

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Chester Dawson CALGARY-- Athabasca Oil Corp. on Monday said it received the first of three payments owed to it by one of China's largest state-run energy companies, part of a deal announced last summer to complete the sale of ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open the option of ...

China Monetary Policy Remains Neutral

TODAY: March 3, 2015 PUB DATE: March 3, 2015

BEIJING--China's monetary stance has remained neutral despite recent cuts in interest rates and banks' reserve requirement ratio, the Financial News reported Tuesday, citing former central bank vice governor Wu Xiaoling. "There are some misunderstandings about the monetary policy, that is, ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By James Glynn SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open ...

AstraZeneca PLC Acquisition of Rights to Actavis' Portfolio

TODAY: March 3, 2015 PUB DATE: March 3, 2015

TIDMAZN RNS Number : 3507G AstraZeneca PLC 03 March 2015 AstraZeneca COMPLETES acquiSITION OF rights to actavis' Branded respiratory portfolio in THE US AND CANADA Acquisition strengthens AstraZeneca's aclidinium respiratory franchise and adds immediate revenues with long-term growth potential AstraZeneca ...

Merck Profit Slips Despite Revenue Gains

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Neetha Mahadevan FRANKFURT--German pharmaceutical company Merck KGaA said Tuesday that fourth-quarter net profit fell slightly but revenue surged on growth in all its divisions and its acquisition of AZ Electronics. Net profit for the quarter ended Dec. 31 fell ...

Chip Maker Places A $12 Billion Bet On Smarter Cars

TODAY: March 3, 2015 PUB DATE: March 3, 2015

(FROM THE WALL STREET JOURNAL 3/3/15) By Don Clark The race to build smarter cars is prompting another race -- to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to ...

Japan Average Wages Rise

TODAY: March 3, 2015 PUB DATE: March 3, 2015

TOKYO--Average total wages in Japan grew 1.3% on year in January, as pay raises last year and larger bonuses this winter gave a modest lift to the income of average workers. The rise marked the 11th straight year-on-year gain, the ...

Swiss 4Q GDP Growth Steady on Private, Government Spending

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Neil MacLucas ZURICH--Switzerland's economic growth was steady in the fourth quarter, underpinned by robust private and public spending, data released Tuesday showed. Gross domestic product in the three months through December rose 0.6% from the previous quarter and 1.9% ...

Greece Faces Cash Crunch

TODAY: March 3, 2015 PUB DATE: March 3, 2015

BRUSSELS--Greece faces a cash crunch in the coming weeks with little hope of financial help soon from the rest of the eurozone, threatening a serious blow to the country's fragile economy. Though the Greek government secured an extension of its ...

FHFA Puts New Rules on Delinquent Loan Sales--Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Joe Light Investors who take over delinquent mortgages backed by Fannie Mae and Freddie Mac must try harder to reach agreements that let borrowers keep their homes before kicking them out, according to a new set of rules released ...